Property market statistics

Italy’s residential property market set a new milestone in the first quarter of 2026.

Ski season in Italy always creeps up fast, and for some people, a week on the slopes isn’t enough. Living full‑time in an Italian ski resort means fresh snow on your doorstep, cool summers in the mountains, and a very different rhythm to city life.

Italy’s two largest cities continue to see a positive trend in house prices in 2025, although growth rates differ.

Italy’s residential property market is closing 2025 on a strong note.

As the year draws to a close, the outlook for the Italian residential property market remains decidedly positive. The first half of 2025 laid solid foundations, confirming the recovery already seen in recent years.

As of October 2025, rent prices in Italy average €14.6 per m², but that national figure hides big regional differences. Looking at the most expensive and cheapest places to rent in Italy sets the scene.

After several years of uncertainty, Italy’s residential property market is regaining momentum. A combination of favourable macroeconomic conditions, including falling interest rates, contained inflation, and renewed household confidence in property as a safe investment, is driving this resurgence.

The Italian housing market has seen a small slowdown in the third quarter of 2025, with the average price of second-hand homes falling 0.7% to €1,815 per square metre.

Puglia has become one of the most attractive regions in Italy for real estate investment. According to recent data from Re/Max, both international buyers seeking luxury properties and investors looking for more affordable homes to rent out as holiday accommodation are driving the market.

The Italian property market is thriving, closing the second quarter of 2025 with strong growth.

In the second quarter of 2025, renting a home in Italy has become more financially demanding, while the cost of buying with a mortgage has eased slightly.According to new research from idealista, the leading Italian property portal, the average rental effort rate — the percentage of household income

Italy’s residential property market is showing clear signs of recovery. This is the finding of the latest Residential Quarterly Outlook – H1 2025 published by Patrigest, the research and valuation company within the Gabetti Group.

Italy's housing market continues to show resilience in 2025, with property prices rising year-on-year despite a marginal quarterly decline.

The outlook for 2025 is marked by challenging forecasts, with uncertainties stemming from central bank decisions and the ongoing trade war. However, the real estate market in Italy has reasons for optimism.

Buying a home in Italy is becoming increasingly expensive. Compared to 2019, the average cost of purchasing a property has risen by 16%. Milan remains the most expensive city per square metre, while Trieste has recorded the sharpest increases.

Sales on the rise in the second quarter of 2024, with average prices per square metre increasing in Italy and a cut in ECB interest rates.

In a complex economic context, the city of Rome is undergoing transformation. Rome has always been a cosmopolitan city that today, thanks to PNRR and Jubilee funds, has the opportunity to transform itself and see entire areas reborn.

Premium real estate globally is experiencing price increases: average annual prices are reported to have risen by 3.7 per cent in 45 countries from December 2022 to December 2023. This is according to data from Knight Frank's Prime Global Cities Index.

The United States and Germany together account for around a third (31.6%) of foreign visits for luxury residential property on idealista, Italy's leading real estate portal.

Despite the changes in the rental market in recent years, the luxury residential segment is holding its own in Milan.

Prices for luxury residential in the world's largest cities will continue to rise in 2024.

2024 is already in full swing and real estate market experts are outlining their forecasts for the development of real estate in the coming months, starting with the events of 2023.

According to an analysis by Bankitalia, based on ECB statistics, 5% of Italian households own 46% of the country's wealth. Wealth, about half of which, on average, consists of housing.

Most Italians' homes have a surface area of less than 100m2. The percentage of dwellings that do not exceed this size amounts to 61% of the total number of listings on idealista.